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| Danny Prosky |
IRVINE, CA (April 1, 2015) - American Healthcare Investors
and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare
REIT III, Inc., announced today that the REIT completed the acquisition of 18
healthcare properties in 11 states, as well as a collateralized debt
instrument, for an aggregate purchase price of $353.7 million during the first
quarter of 2015.
The acquisitions were comprised of 14 medical office
buildings, three senior housing facilities, a surgical hospital and the
aforementioned collateralized debt instrument.
“Griffin-American Healthcare REIT III remained very active
on the acquisition front during the first quarter of the year, adding a diverse
collection of healthcare properties to our rapidly growing portfolio,” said Danny Prosky, president, chief
operating officer and one of the largest stockholders of the REIT.
“In just six months’
time, we have grown from approximately $41 million worth of assets to more than
$631 million1 with a robust pipeline of acquisitions on the horizon.”
For a complete copy
of the company’s news release, please contact:
Damon Elder
(949) 270-9207
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